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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Bet365 swings to loss — but boss Denise Coates rakes in another £270 million

Bet365 boss Denise Coates paid herself another £270.7 million in the year to March 2023, despite the business swinging to a loss as it spent big entering new markets across the Atlantic.

The bumper pay packet - made up of a £220.7 million salary and at least £50 million in dividends - puts Coates among the world’s highest-paid executive for the year. Her earnings are more than 10 times that of any FTSE 100 boss, and top the $253 million (£199 million) made by Blackstone’s Stephen Schwarzman, the top-paid boss on Wall Street. It is less than some top hedge fund bosses, though.

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